MS2M launches compliance research

MS2M has developed mysatcom.net, a portal including questionnaires on general insurance and mortgage broking, to gauge the compliance strengths and weaknesses of intermediary firms.

Action plans to resolve any problems are then developed, based on the firm’s results.

The lenders involved with the project, including Abbey, GMAC-RFC and Standard Life, have nominated a total of 130 brokers to receive the business 'health check' free of charge, though the facility is also available for purchase for interested brokers.

At the end of the month, MS2M will provide the lenders, insurers, brokers and the FSA with comprehensive management information, non-attributable to the intermediaries, based on the results.

Julie Alderson, director of MS2M, commented: “The purpose of this research is to provide those taking part and the wider insurance and mortgage industry with an accurate snapshot of the current position with regard to compliance performance.”